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Gold prices rally amid crypto crash and inflation concerns

May 26, 2021

The price of gold is reached its highest level since January on Tuesday as it inches close to erasing this year's decline. Investors are turning bullish on the precious metal on fears about a weakening US Dollar and a crash in bitcoin and other cryptocurrencies. Gold continues to face resistance from the $1,900 level, and is currently trading at $1,883.6 per ounce. Last week the prices reached th...Read More

Junior miners poised to reap benefits of surging silver market

May 21, 2021

Silver price is surging on higher industrial and safe-haven demand. On Friday, silver price edged higher as a reaction to the stagnation of April’s retail sales. Analysts expected a reading of 1.0% compared to March’s 10.7%.  Despite fears over rising inflation in the U.S., silver is gaining strength on the reopening of economies and shift towards the green economy. The surge in...Read More

Will gold miners' profit rise on higher gold prices?

May 13, 2021

Futures for TSX rose on Monday as gold prices gained on low interest rate hopes. A rising inflation followed a cyberattack on a U.S. pipeline operator due to supply concerns. Spot gold XAU was up 0.46%, reaching $1,838.4 per ounce. This is its highest since Feb. 11 at $1,842.9. U.S. gold futures GCv1 gained 0.5% to $1,840. GOL/. As lockdown starts to ease, many mid-tier...Read More

Gold miners remain optimistic about Trajectory of Gold Prices

May 07, 2021

Monday’s trading session saw futures for Canada's main stock edge higher on rising gold prices. As investors wait for a reading on factory activity data and earnings update, it is still early to discuss the pace of economic recovery in Canada and abroad. Gold futures GCc2 gained 0.7% to $1,780.1 per ounce, helped by a pullback in the U.S. dollar and Treasury yields while worries o...Read More

Are Silver Prices Set to Soar This Year

April 28, 2021

Analysts continue to view silver as one of the most undervalued asset classes.  With plenty of reasons for the price to climb as high as $50, now is the time to invest in the best silver stocks to buy. After testing the $24 resistance level several times, silver prices have now settled at $26.57 an ounce on Wednesday. An improvement in investor interest can potentially fuel silver&rsquo...Read More

Gold Miners Poised for More Upside as Gold Prices Rise

April 23, 2021

Canada’s main index TSX rose on Friday, supported by higher oil and gold prices. Spot gold was up 0.2% at $1,786.87 per ounce by 0332 GMT, positioning gold for a 3rd weekly gain, up 0.6% so far this week. The yellow metal’s appeal enjoyed a boost after U.S. President Joe Biden's proposal to hike capital gains tax weighed on U.S. Treasury yields. A weaker dollar also and uncertainty ab...Read More

TSX rises on higher gold prices, helping gold miners keep momentum

April 16, 2021

Canada's main stock index TSX rose on Thursday, driven in part by rising gold prices against lower US Treasury yields and a weaker dollar. One of Canada’s major gold miners Barrick Gold Corp also posted gains on a positive earnings forecast. Canadian gold miner Barrick Gold Corp ABX.TO rose 1.6% as it maintained its full-year outlook. Despite a fall in gold production slipped by 9...Read More

Will Gold-Silver Supply-Side Impact Future Prices

April 08, 2021

Bullion prices have been showing strong recovery from key support levels. One reason for this is the ease in US bond yields and the decline in the US dollar, which boosted buying in the safe-haven asset. Commodity prices remained firm during the previous week and the recovery in bullion prices showed some recovery in Chinese demand for the materials. The dollar index fell below the 93 mark and th...Read More

Gold's Bull Run Projected To Continue Into 2021

April 02, 2021

Despite a dip in its value, there is no slowing gold down as investors’ preferred safe asset. Even with falling numbers of COVID-19 infections, news of adverse reactions to the vaccines of AstraZeneca and Moderna continue to fuel uncertainty. The transition of power in the US has also not gone smoothly and Biden’s administration is struggling with the aftershock of the pandemic. Many...Read More

After historic profits in 2020, will 2021 hold the same for junior gold miners?

March 26, 2021

The gold market is still experiencing a slight pullback since its bullish run in 2010 and at the start of 2021 amid the global covid pandemic. This resulted in several stock indexes posting declines in late-morning trading as the energy and base metal sectors led the way lower. The April gold contract was up US$1.70 at US$1,734.90 an ounce and the May copper contract was down 12 cents at US$...Read More

Analysts are optimistic about Gold Prices in the Second Half of 2021

March 19, 2021

Canada's TSX main stock index fell on Wednesday, driven by a decline in bullion prices and mining stocks offset gains in oil prices amid an economic rebound from vaccination rollouts and a U.S. fiscal package. After hitting an all-time high in August 2020, gold stocks and gold prices are now experiencing a correction as the US, UK and other governments announced massive stimulus packages. The cur...Read More

Is Silver Becoming a Good Long-Term Investment?

March 13, 2021

With gold cooling off after peaking in 2020, investors are turning towards silver and mining stocks of silver miners as a long-term game plan. Silver has been reacting to the raw demand that’s filling its pipeline. For this reason, The Silver Institute forecasts global silver demand to rise by 11% in 2021 to reach an eight-year high. As the industrial demand is nearing a four-year high of 5...Read More

What's Next for the Gold Sector After a Decline in Bullion Prices

March 04, 2021

Canada's TSX main stock index fell on Wednesday, driven by a decline in bullion prices and mining stocks offset gains in oil prices amid an economic rebound from vaccination rollouts and a U.S. fiscal package. After hitting an all-time high in August 2020, gold stocks and gold prices are now experiencing a correction as the US, UK and other governments announced massive stimulus packages. The cur...Read More

Is a Second Gold Rush Around the Corner

February 26, 2021

The bullish run of gold may not quite be over yet. After reaching an all-time high in August 2020 when it nearly doubled its value, followed an expected correction As investors restored some of their confidence in a recovering market and economy amid efforts to contain the global pandemic, their interest in safe havens cooled off for a while. Some analysts estimate a Second Gold Rush just be gett...Read More

Gold Miners Show Signs of COVID Recovery But Stocks Remain Undervalued

February 18, 2021

Spot gold prices have entered into a bearish cycle for the first time in 2021, losing about 6% to fall below $1,800 per ounce. After climbing roughly 22% in 2020, gold prices settled for the first time above $2,000. Since then, containment of COVID-10 cases and gradual economic recovery has cooled off investors’ interest in gold and silver. In the last trading session on Wednesday, Gold (XA...Read More

Can Junior Gold Miners Outperform After the Drop

February 12, 2021

Canada's main stock index registered a gain on Tuesday, as gold miners liquidated their positions in bullion as investors await signs of progress on a new U.S. stimulus bill. While gold appears to be forming a base and analysts expect that it rebounds from here, 2021 is expected to continue to be a strong year for the precious metal. Gold stocks and mining stocks of junior gold miners tend to out...Read More

Price pressure on gold and silver increases

February 12, 2021

Gold and silver prices are trading lower for the fourth consecutive day. A strengthened U.S. Dollar and hopes for an economic recovery are part of the reasons why investors’ interest in the precious metals has cooled down. As gold futures hit a two-week low, the U.S. dollar index hit a two-month high overnight. In addition, the U.S. stock market bulls have made a strong recovery this week w...Read More

Will silver retain upside potential amid major players' monopoly?

February 12, 2021

Silver futures prices and shares of silver miners climbed on Thursday, January 28th trading session after posts in the Reddit’s popular WallStreetBets forum  about a “short squeeze” in the notoriously volatile precious metal. Despite industry analysts suggesting that the price of silver has moved into correction/consolidation mode, silver bulls are not having...Read More

Will Weakening Dollar Fuel Further Rise in Gold Prices This Year

January 29, 2021

The inauguration of President Biden did not put an end to the trend of the U.S. Dollar weakening, as many analysts predicted it would. His proposed billion-dollar stimulus package to combat the effect of the pandemic is expected to plunge the U.S. further into debt. The result would be an even weaker American currency. What does that mean for commodities and world markets? Wall Street analysts a...Read More

Best Gold and Silver Stocks for Resource Investors

January 21, 2021

Gold and silver continue to be in a bullish position as the sell-off in precious metals continues. As such, analysts see gold prices some sort of upturn approaching fast, likely near $2000 an ounce. This comes after lease rates for gold fluctuated between -1% and 2% annualized the last decade, until pandemic shutdowns hit in March. Meanwhile, silver’s rate position is even more bullish. Its...Read More

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